June ISM = 50.9

The third quarter is underway! The U.S. economic recovery is officially four years old. So far, the S&P 500 is up 18 points this morning to 1,624. The good news this morning was that the June ISM came in at 50.9.

To add some context, the ISM had a great run of coming in at 49.9 or better for 46 months in a row. Then the number for May fell to 49.0. Any number above 50 indicates an expanding economy, and below it signifies a contracting economy.

While 50.9 isn’t a great number, there doesn’t seem to be any trend that’s heading lower.

Posted by Eddy Elfenbein on July 1st, 2013 at 10:33 am

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